Credit Trigger definition

Credit Trigger means any of the following: (i) a Regulatory Event with respect to the Borrower Parent or any of its senior investment management personnel actively involved in managing the Collateral, (ii) a Change in Investment Adviser or (iii) any Change in Control of Borrower or Investment Adviser.

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Credit Trigger refers to the specific point at which an individual SLA threshold is violated. Credit triggers are calculated by multiplying the Monthly Fee for associated services by the SLA Credit Amount (a Percentage), up to but not exceeding 100% of the monthly fee of the month in which the violation took place (unless otherwise specified).

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, Investment Adviser or Investment Adviser Parent, (ii) a Change in Investment Adviser, (iii) a Key Personnel Event or (iv) the Net Asset Value is less than $25 million on any date on or after the Closing Date and such Net Asset Value deficiency is not cured within 3 days following notice thereof to the Borrower by the Administrative Agent.

Examples of Credit Trigger in a sentence

• CSC shall, within fourteen (14) days after obtaining actual knowledge of the occurrence of a Credit Trigger Event, provide notice to Sears of the occurrence of such Credit Trigger Event.

• In the event that the Agent receives such a notice of the occurrence of a Default, Event of Default or Credit Trigger, the Agent shall give prompt notice thereof to the Lenders (and shall give each Lender prompt notice of each such nonpayment).

• No later than ten (10) Business Days after the occurrence of a Credit Trigger Event with respect to Owner, Owner shall provide Contractor with an irrevocable standby letter of credit in the form of Exhibit 4.1.2, issued by an Qualified Institution, with a drawable amount equal to [**] ($[**]) (the “Owner LOC”).

• Upon the occurrence of a Credit Trigger Event with respect to a Guarantor, Sellers shall provide Buyer with a Backup LOC with respect to each Guaranty issued by such Guarantor and outstanding at the time of such Credit Trigger Event.

• No later than ten (10) Business Days after the occurrence of a Credit Trigger Event with respect to a Guarantor, Contractor shall provide Owner with an irrevocable standby letter of credit in the form of Exhibit 4.7.c, issued by a Qualified Institution, with a drawable amount equal to [**] Dollars ($[**]) (the “Backup LOC”) with respect to each Guaranty issued by such Guarantor and outstanding at the time of such Credit Trigger Event.

More Definitions of Credit Trigger

Credit Trigger means (a) a 15% (or greater) decline in the Net Worth of the Guarantor from the Net Worth of the Guarantor as of the Effective Date, (b) the Guarantor takes any affirmative action to terminate, cancel or repudiate this Agreement or any of its material obligations hereunder (except in accordance with the express terms hereof), or (c) the Guarantor

Credit Trigger means any of the following: (i) a Regulatory Event with respect to Borrower or Investment Adviser, (ii) a Change in Investment Adviser, (iii) any Change in Control occurs or (iv) the Net Asset Value is less than the aggregate Current Market Value of the Eligible Collateral Assets corresponding to the four obligors for which the Current Market Value of the Eligible Collateral Assets is the largest.

Credit Trigger the meaning specified in subsection 8.3. -------------- --------------

Credit Trigger means any of the following: (i) a Regulatory Event with respect to any Key Personnel, Investment Adviser or Investment Adviser Parent, (ii) a Change in Investment Adviser, (iii) a Key Personnel Event or (iv) the Net Asset Value is less than (A) $50,000,000 on any date on or after the date of the initial Credit Extension hereunder and prior to the six month anniversary of the Closing Date, (B) $125,000,000 on any date during the period from and including December 27, 2014, to but excluding the Second Closing Date, (C) $175,000,000 on any date during the period from and including the Second Closing Date to and including the six month anniversary of the Second Closing Date or (D) $215,000,000 on any date after the six month anniversary of the Second Closing Date and such Net Asset Value deficiency is not cured within 3 days following notice thereof to the Borrower by the Administrative Agent.

Credit Trigger means any of the following: (i) a Regulatory Event with respect to Borrower Parent or Investment Adviser, (ii) a Change in Investment Adviser, (iii) any Change in Control of Borrower, Borrower Parent or Investment Adviser or (iv) the Net Asset Value for three consecutive Business Days is less than (A) on and after the date of the first Committed Loan and prior to the six-month anniversary of the Closing Date, $25 million and (B) at any time on and after the six-month anniversary of the Closing Date, $80 million.

Credit Trigger shall have the meaning set forth in the ESFR Agreement.

Credit Trigger means (a) a 15% (or greater) decline in the Net Worth of the Guarantor from the Net Worth of the Guarantor as of the Effective Date, (b) the Guarantor takes any affirmative action to terminate, cancel or repudiate this Agreement or any of its material obligations hereunder (except in accordance with the express terms hereof), or